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Leading Economic Indicator Surges in April

May 16 2014 9:00 AM
Leading Economic Indicator Surges in April
The Leading Economic Indicator – Nebraska (LEI-N) rose by 1.89% in April 2014. This rapid increase during April is the third consecutive monthly improvement in the LEI-N.

“The Nebraska economy is expected to grow moderately over the next few months and grow solidly in the second half of 2014,” said University of Nebraska-Lincoln economist Eric Thompson, director of the Bureau of Business Research. The Leading Economic Indicator – Nebraska is produced by faculty and students in the Department of Economics and Bureau of Business Research within the UNL College of Business Administration.

The Leading Economic Indicator – Nebraska is a composite of six components which predict future economic growth: single-family building permits, airline passenger counts, initial unemployment claims, manufacturing hours, the value of the U.S. dollar, and business expectations gathered from the Survey of Nebraska Business. According to Thompson, “there were beneficial trends in business expectations, single-family building permits, initial unemployment claims and the value of the U.S. dollars during April.” Only two components of the indicator declined. There was a slight decline in manufacturing hours and airline passenger counts.


Leading Economic Indicator Graph - Nebraska

May Leading Economic Indicator - Nebraska Report

 

Leading Economic Indicator Surges in April

May 16 2014 9:00 AM
Leading Economic Indicator Surges in April
The Leading Economic Indicator – Nebraska (LEI-N) rose by 1.89% in April 2014. This rapid increase during April is the third consecutive monthly improvement in the LEI-N.

“The Nebraska economy is expected to grow moderately over the next few months and grow solidly in the second half of 2014,” said University of Nebraska-Lincoln economist Eric Thompson, director of the Bureau of Business Research. The Leading Economic Indicator – Nebraska is produced by faculty and students in the Department of Economics and Bureau of Business Research within the UNL College of Business Administration.

The Leading Economic Indicator – Nebraska is a composite of six components which predict future economic growth: single-family building permits, airline passenger counts, initial unemployment claims, manufacturing hours, the value of the U.S. dollar, and business expectations gathered from the Survey of Nebraska Business. According to Thompson, “there were beneficial trends in business expectations, single-family building permits, initial unemployment claims and the value of the U.S. dollars during April.” Only two components of the indicator declined. There was a slight decline in manufacturing hours and airline passenger counts.


Leading Economic Indicator Graph - Nebraska

May Leading Economic Indicator - Nebraska Report